Buying Swing: buying 605 calls at 5.85 same contract amoun

[MMASSASSIN]

Buying Swing: buying 605 calls at 5.85 same contract amount as the short legs on the iron condor shorts leg of the calls, this makes a huge position on the 605 leg but am willing to do it since 2x oversized is covered and have no intention of exiting the other legs. this long leg amounts to about 8x oversized but if you subtract the credit spreads we still have a 5x position. But with the markets as strong as they are plus my formulas finally have multi day buy signals on the verge and this position so close to the money, am willing to take this stance. with a mental stop at 4.00 on the 605 leg, that move alone would erase any iron condor profits. This becomes if we have big follow trough similar to have a strong stock position.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!